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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: wmwmw who wrote (15594)6/2/1999 11:50:00 AM
From: Compadre  Respond to of 99985
 
Wang Wei: I could be mistaken here, but just because the market is oversold is not a goo reason for a rally. If the interest rates continue climbing or hold still here I think there will not be a rally in the immediate future. I am not a FA but the technical side has not indicated that the bottom put in last week will hold yet. The best that I can come up with is an extended consolidation period.

Regards,

Jaime